ORIGIN BANCORP, INC. 1Q TWENTY25 INVESTOR PRESENTATION FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information regarding Origin Bancorp, Inc's ("Origin", "we", "our" or the "Company") future financial performance, business and growth strategies, projected plans and objectives, and any expected purchases of its outstanding common sto ...

Origin Bancorp, Inc. (NYSE:OBK) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET Company Participants Chris Reigelman - Director, Investor Relations Drake Mills - Chairman, President and Chief Executive Officer Lance Hall - President and Chief Executive Officer-Origin Bank Jim Crotwell - Chief Risk Officer Wally Wallace - Chief Financial Officer Conference Call Participants Matt Olney - Stephens Tim Mitchell - Raymond James Manuel Navas - D.A. Davidson Operator Good morning, and welcome to the Ori ...

Financial Performance - For the quarter ended March 2025, Origin Bancorp reported revenue of $94.06 million, an increase of 3.8% year-over-year [1] - EPS for the quarter was $0.71, down from $0.73 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $92.75 million, resulting in a surprise of +1.41% [1] - The company delivered an EPS surprise of +4.41%, with the consensus EPS estimate being $0.68 [1] Key Metrics - Efficiency Ratio was reported at 66%, slightly above the two-analyst average estimate of 65.9% [4] - Net Interest Margin (NIM) - FTE was 3.4%, matching the two-analyst average estimate [4] - Average Balance of Total interest-earning assets was $9.28 billion, consistent with the average estimate based on two analysts [4] - Total nonperforming loans amounted to $81.37 million, slightly higher than the estimated $80.77 million [4] - Total nonperforming assets were reported at $83.36 million, lower than the average estimate of $85.15 million [4] - Net charge-offs to total average LHFI (annualized) was 0.2%, in line with the estimated 0.2% [4] - Total Noninterest Income was $15.60 million, below the average estimate of $16.18 million [4] - Net Interest Income was reported at $78.46 million, exceeding the estimated $76.56 million [4] Stock Performance - Shares of Origin Bancorp have returned -13.1% over the past month, compared to the Zacks S&P 500 composite's -6.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

RUSTON, La., April 23, 2025 (GLOBE NEWSWIRE) -- Origin Bancorp, Inc. (NYSE: OBK) (“Origin,” “we,” “our” or the “Company”), the holding company for Origin Bank (the “Bank”), today announced net income of $22.4 million, or $0.71 diluted earnings per share (“EPS”) for the quarter ended March 31, 2025, compared to net income of $14.3 million, or $0.46 diluted earnings per share, for the quarter ended December 31, 2024. Pre-tax, pre-provision (“PTPP”)(1) earnings were $32.0 million for the quarter ended March 31 ...

"Origin reported solid results for the quarter, and I am proud of how our bankers remain responsive to our customers and communities," said Drake Mills, chairman, president and CEO of Origin Bancorp, Inc. "During last quarter's earnings call, we introduced Optimize Origin, which is our plan to deliver sustainable elite-level financial performance. I am pleased with the overwhelming focus and commitment our employees have on accomplishing this goal and the progress we have made since launch." PTPP earnings i ...

RUSTON, La., April 10, 2025 (GLOBE NEWSWIRE) -- Origin Bancorp, Inc. (NYSE: OBK) (“Origin”), the financial holding company for Origin Bank, plans to issue first quarter 2025 results after the market closes on Wednesday, April 23, 2025, and hold a conference call to discuss such results on Thursday, April 24, 2025, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The conference call will be hosted by Drake Mills, Chairman, President and CEO of Origin, William J. Wallace, IV, Chief Financial Officer of Ori ...

Core Viewpoint - Origin Bancorp, Inc. is reducing its Board of Directors from 16 to 11 members to enhance corporate governance and align with best practices [1][2][3] Board Composition Changes - Five directors will not stand for reelection at the 2025 Annual Meeting: Jay Dyer, Farrell Malone, Lori Sirman, Elizabeth Solender, and Steve Taylor [1][2] - The remaining directors nominated for election include Daniel Chu, James D'Agostino, Jr., James Davison, Jr., A. La'Verne Edney, Meryl Farr, Richard Gallot, Jr., Stacey Goff, Cecil Jones, Michael Jones, Gary Luffey, and Drake Mills [2] Governance Strategy - The decision to reduce the Board size is part of a strategic initiative to create a smaller, more efficient Board that supports the Company's growth and strategy [3] - The changes are not due to any disagreements between the departing directors and the Company, indicating a collaborative decision-making process [3] Company Background - Origin Bancorp, Inc. is headquartered in Ruston, Louisiana, and operates more than 55 locations across various regions, providing a wide range of financial services [4]

Financial Performance - As of December 31, 2024, total assets were $9.68 billion, total loans held for investment were $7.57 billion, total deposits were $8.22 billion, and total stockholders' equity was $1.15 billion[19]. - Net income for 2024 was $76,492 thousand, down from $83,800 thousand in 2023, representing a decrease of 8.3%[417]. - Total stockholders' equity increased to $1,145,245 thousand in 2024 from $1,062,905 thousand in 2023, an increase of 7.75%[414]. - Comprehensive income for 2024 was $91,486 thousand, down from $122,652 thousand in 2023, a decrease of 25.4%[419]. - Basic earnings per common share decreased to $2.46 in 2024 from $2.72 in 2023, a decline of 9.56%[417]. - Cash flows from operating activities for 2024 were $108,481,000, down from $129,921,000 in 2023, representing a decline of 16.6%[425]. - Noninterest income totaled $55,379 thousand in 2024, down from $58,335 thousand in 2023, a decrease of 5.03%[417]. - Total noninterest expense increased to $251,038 thousand in 2024, compared to $235,216 thousand in 2023, an increase of 6.73%[417]. - The company reported a stock-based compensation expense of $7,166,000 in 2024, up from $5,281,000 in 2023, indicating a rise of 34.8%[425]. Capital and Regulatory Compliance - The company raised over $589.6 million in new Tier 1 capital since 2006, including a merger valued at $307.8 million in 2022[22]. - The company is subject to the Volcker Rule, which may affect its activities once total consolidated assets exceed $10 billion[94]. - The Dodd-Frank Act mandates that financial institutions with over $1 billion in assets, like Origin Bank, must ensure incentive compensation does not encourage inappropriate risks[95]. - The Company and Origin Bank's regulatory capital ratios were above the applicable well-capitalized standards and met the capital conservation buffer[104]. - The required minimum leverage ratio for all banks and bank holding companies is 4%[99]. - To be well-capitalized, Origin Bank must maintain a Tier 1 risk-based capital ratio of 6.0% or greater and a total risk-based capital ratio of 10.0% or greater[102]. - The capital conservation buffer required is 2.5%, comprised of CET1, above each of the minimum risk-based capital ratio requirements[100]. - The company is subject to various regulatory policies relating to the payment of dividends, including maintaining adequate capital above regulatory minimums[107]. - The Federal Reserve has indicated that a bank holding company should consult with them and potentially reduce dividends if it is in danger of not meeting minimum regulatory capital adequacy ratios[109]. Loan Portfolio and Credit Quality - The loan portfolio composition as of December 31, 2024, included 31.1% commercial and industrial loans and 44.1% commercial real estate loans[28]. - The Company’s loan portfolio totaled $7.57 billion as of December 31, 2024, with an allowance for credit losses on loans amounting to $91.1 million[409]. - The provision for credit losses decreased to $7,448 thousand in 2024 from $16,753 thousand in 2023, a reduction of 55.54%[417]. - Delinquency statistics are updated monthly, serving as a key indicator of credit quality for various loan types, including residential and consumer loans[457]. - Loans are placed on nonaccrual status when they are 90 days or more past due, impacting the recognition of interest income[454]. - The allowance for credit losses is calculated using historical loss rates adjusted for current conditions, with a focus on loans held for investment[456]. Interest Income and Rate Risk - Interest income from commercial real estate loans was $146.5 million for the year ended December 31, 2024, compared to $135.1 million in 2023[36]. - The commercial and industrial loans contributed interest income of $163.9 million for the year ended December 31, 2024, up from $155.8 million in 2023[38]. - Net interest income increased slightly to $300,366 thousand in 2024, compared to $299,557 thousand in 2023, reflecting a growth of 0.27%[417]. - Interest rate risk modeling indicates that for a 100-basis point shift, estimated net interest income at risk for the subsequent one-year period should not decline by more than 10.0%[393]. - Under the static model, a 400-basis point increase in interest rates would result in a 15.9% increase in net interest income, while a decrease of the same magnitude would lead to an 11.0% decline[395]. - The Company employs interest rate risk simulation models to assess the impact of interest rate fluctuations on net interest income and fair value of equity[392]. Market Expansion and Strategic Initiatives - The company entered the Southeast market in 2024 with two banking locations in South Alabama and the Florida Panhandle[22]. - The company plans to close six banking centers by the end of February 2025 as part of its strategic initiatives[19]. - Origin Bancorp, Inc. operates over 60 locations across multiple states, including Texas, Louisiana, Mississippi, Alabama, and Florida[430]. Diversity and Inclusion Efforts - The company has established a Diversity Council consisting of 17 diverse employees to advance its Diversity, Equity, and Inclusion efforts[56]. - The Diversity Council launched in 2023 aims to enhance workplace inclusion and community engagement, hosting events like Origin Connections Month[73]. - Employee survey results showed that 90% of responses exceeded benchmarks of Glint's top 10% of global companies, indicating strong inclusion and belonging[76]. - Origin Bank has been recognized as a "Best Bank to Work For" for twelve consecutive years, reflecting its commitment to corporate culture and employee development[78]. - The company is committed to ongoing training and development programs to foster inclusion and diversity within its workforce[77]. Regulatory and Compliance Challenges - The company reported that any reduction in interchange income due to the loss of the exemption for small issuers under the Durbin Amendment could significantly adversely affect its business starting in the second half of 2026[125]. - The revised CRA regulations, effective January 1, 2026, will likely make it more challenging for the company to receive a satisfactory rating on its CRA exam[127]. - The company is subject to a final rule from the CFPB that caps overdraft fees at $5 per transaction, effective October 1, 2025, which may impact its operations as it expects to exceed $10 billion in assets[132]. - The company has augmented its anti-money laundering compliance programs in response to regulatory scrutiny and potential sanctions for violations[120]. - The company must comply with the provisions of the Equal Credit Opportunity Act and the Fair Housing Act, which prohibit discrimination in lending practices[135].

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with momentum by focusing on key metrics [2] Group 2: Origin Bancorp (OBK) Performance - Origin Bancorp currently has a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - Over the past week, OBK shares increased by 0.8%, while the Zacks Banks - Southeast industry declined by 0.39% [6] - In the last month, OBK's price rose by 11.57%, significantly outperforming the industry's 1.17% [6] - Over the past quarter, OBK shares rose by 14.35%, and over the last year, they increased by 33.28%, compared to the S&P 500's gains of 4.18% and 24.21% respectively [7] Group 3: Trading Volume and Earnings Outlook - OBK's average 20-day trading volume is 174,597 shares, which serves as a bullish indicator when combined with rising stock prices [8] - In the past two months, four earnings estimates for OBK have increased, raising the consensus estimate from $2.43 to $3.14 [10] - For the next fiscal year, one estimate has moved upwards, with no downward revisions noted [10] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, OBK is positioned as a promising investment opportunity [12]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Origin Bancorp (OBK) currently holding a Momentum Style Score of A [2] - The Zacks Rank system complements the Style Scores, with OBK rated 1 (Strong Buy), indicating potential for outperformance in the market [3] Group 2: Performance Metrics - OBK shares have increased by 7.8% over the past week, significantly outperforming the Zacks Banks - Southeast industry, which rose by only 0.03% [5] - Over a longer timeframe, OBK's monthly price change is 15.32%, compared to the industry's 2.03% [5] - In the past quarter, OBK shares rose by 8.02%, and over the last year, they gained 25.87%, while the S&P 500 saw increases of 3.85% and 24.08%, respectively [6] Group 3: Trading Volume and Earnings Outlook - OBK's average 20-day trading volume is 155,425 shares, indicating a bullish sign when combined with rising stock prices [7] - In the last two months, four earnings estimates for OBK have increased, raising the consensus estimate from $2.44 to $3.02 [9] - For the next fiscal year, one estimate has moved upwards, with no downward revisions, suggesting a positive earnings outlook [9] Group 4: Conclusion - Considering the performance metrics and positive earnings outlook, OBK is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a strong candidate for near-term investment [11]